Ministry of Commerce: pay special attention to hot money flowing into real estate

Source: Internet
Author: User
Keywords Real estate hot money special attention
"Caijing comprehensive report" November 16, the Ministry of Commerce said that in the real estate sector to absorb foreign investment growth faster, the Ministry of Commerce will further strengthen the supervision of foreign investment, and pay special attention to the real estate and other specific sensitive sectors of hot money to ensure the stability of the real estate market. Data show that from 1 to September, the national Real estate sector 498 new foreign-funded enterprises, the actual absorption of foreign capital of 16.6 billion U.S. dollars, an increase of 56%, the increase is higher than the overall increase in foreign investment absorption.  In the same period, China's real estate sector absorption of foreign investment accounted for the proportion of total absorption of foreign capital is 22.38%, compared to the same period of 2009 increased by 5.7%; in 498 newly-established foreign-owned real estate enterprises, the development and operation of 366 companies, the amount of foreign capital of 15.8 billion U.S. dollars.  From the investment situation, the real estate sector to absorb foreign investment or ordinary housing, tourism real estate growth is also relatively fast. The Ministry of Commerce said that at present, it has been concerned about the new changes in the real estate sector to absorb foreign investment, will further strengthen and relevant ministries of statistical data verification and examination and approval, and further strengthen the land document integrity review, to ensure that the establishment of relevant enterprises is legally valid, reasonable, is a substantial investment  The Ministry of Commerce will further strengthen the random checks on the results of the survey, for the questionable, unreasonable will be further examination of the law, and further ensure the cohesion of all aspects of the domestic market. Recently, the Ministry of Housing and the State Administration of Foreign Affairs issued a joint "on the further regulation of foreign institutions and individuals to purchase the notice" stipulates that outside individuals can only buy a set of domestic housing for their own, and foreign institutions can only in the registered city to buy the non-domestic housing required for office.  The "notice" mainly in response to the current influx of hot money into the mainland property market, disrupting the existing order of the purchase of the phenomenon and issued, from the source of hot money into the mainland interests appeal. As regards the distress of hot money to the local property market, Hong Kong also issued a new "restricted" regulation in October, targeting mainland investors who have arrived in Hong Kong.  In accordance with the regulations, the Hong Kong government has temporarily excluded real estate from the investment asset classes of the investment immigration scheme to restrict overseas investment in local properties and to raise the maximum investment amount from HK $6.5 million to HK $10 million. (Network editor Deng Meiling)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.